Where an insurer has not accepted abandonment, the insured shall not claim payment of the insured amount unless he/she proves the cause for the abandonment.
Laws › Commercial Act › SECTION 4 Marine Insurance
Commercial Act — Article 717 (Refusal of Abandonment)
상법 제717조
This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.
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